wind

Gamesa has reached an agreement with the Uruguayan firm Astidey for the turnkey construction of a 50 MW wind farm in Uruguay.

Under the terms of the deal, Gamesa will supply, transport, install and commission 25 G97-2.0 MW turbines at the Talas de Maciel I wind farm, located in the Department of Flores.

The agreement also encompasses operation and maintenance of the facility for 20 years. The turbines are slated for delivery over the course of 2014 and the project is expected to be fully commissioned by mid next year.

To date, Gamesa has installed 100 MW in Uruguay and, with this new contract, the company has agreements to supply another 150 MW.

Gamesa is also present in other Latin American markets, including Mexico, Honduras, Argentina and Costa Rica, where it has installed more than 1,900 MW of turbines. The region accounted for 49 percent of total the company's 2013 revenue.

Financing for the project is sponsored by the Export-Import (Ex-Im) Bank of the United States. Gamesa has a strong track record of Latin American projects that involve Ex-Im Bank financing, having supplied and constructed multiple projects in this region.